Linseed Oil market is projected to grow at a CAGR of 2.7% to reach US$863.514 million by 2023, from US$735.907 million in 2017.

Rising demand from paints and coatings industry is one of the major drivers of linseed (flaxseed) oil market.

Growing awareness about medicinal benefits of linseed oil is further boosting the demand across pharmaceuticals and cosmetics industry worldwide.

Increasing investments in flaxseed production will act as a contributing factor to the growth of linseed oil market during the forecast period.

Geographically, North America will witness a significant market growth on account of favorable government policies regarding the production of oilseeds in the region along with high awareness regarding the benefits of linseed oil for various applications.